The double-entry bookkeeping format is used during the ________ step of the accounting process.
A) analysis
B) reporting
C) summarization
D) recording
E) collection

Question

Quizplus · Accepted Answer

The double-entry bookkeeping format is used during the recording step of the accounting process, where every transaction is entered twice, once as a debit and once as a credit, to ensure the accounting equation remains balanced.

The Double-Entry Bookkeeping Format Is Used During the ________ Step